REG - Oracle Power PLC - Director Share Purchases

Oracle PowerAnnouncement

09/08/2022 07:00

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RNS Number : 3277V  Oracle Power PLC  09 August 2022

 

9 August 2022

Oracle Power PLC

("Oracle" or the "Company")

 

Director Share Purchases

 

Oracle Power PLC (AIM: ORCP), the international natural resources project
developer, is pleased to announce that the Directors of the Company have
purchased ordinary shares in the Company as part of the MAR compliant Director
Share Purchase Plan ("Director Purchase Plan") as previously announced.

 

The following share purchases were made on 8 August 2022:

 

 DIRECTOR        POSITION                ORDINARY SHARES PURCHASED  PRICE PER ORDINARY SHARE  TOTAL BENEFICIAL INTEREST  % ISSUED SHARE CAPITAL
 Mark Steed      Non-Executive Chairman  43,316                     0.32 pence                24,565,791                 0.848%
 Naheed Memon    CEO                     379,967                    0.32 pence                111,052,558                3.834%
 Andreas Migge   Non-Executive Director  75,993                     0.32 pence                9,634,815                  0.333%
 David Hutchins  Non-Executive Director  57,755                     0.32 pence                578,086                    0.020%

 

The percentage of issued share capital for each director has been calculated
pursuant to the total issued share capital of the Company as at 8 August 2022
and does not account for the additional 181,818,182 new ordinary shares (the
"Placing Shares"), as announced 5 August 2022, for which Admission is expected
to become effective at 8:00 a.m. on or around 11 August 2022.

 

Further details of the Director Purchase Plan can be found in the Company's
announcement of 12 August 2021.

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by
virtue of the European Union (Withdrawal) Act 2018 (as amended).

 

*ENDS*

 

For further information on Oracle Power PLC, visit the Company's website
http://www.oraclepower.co.uk (http://www.oraclepower.co.uk) or contact:

 

Oracle Power PLC

Naheed Memon -
CEO
+44 (0) 203 580 4314

 

Strand Hanson Limited (Nominated Adviser and Broker)

Rory Murphy, James Harris, Rob
Patrick
                +44 (0) 20 7409 3494

 

St Brides Partners Limited (Financial PR)

Susie Geliher, Catherine Leftley
 
+44 (0) 20 7236 1177

 

Details of the full notifications received by the Company are set out below:

 

 1.                          Details of the person discharging managerial responsibilities / person closely
                             associated
 a.                          Name                                                                        1.     Mark Steed

                                                                                                         2.     Naheed Memon

                                                                                                         3.     Andreas Migge

                                                                                                         4.     David Hutchins
 2.                          Reason for the notification
 a.                          Position/status                                                             1.     Non-Executive Chairman

                                                                                                         2.     CEO

                                                                                                         3.     Non-Executive Director

                                                                                                         4.     Non-Executive Director
 b.                          Initial notification/Amendment                                              Initial Notification
 3.                          Details of the issuer, emission allowance market participant, auction
                             platform, auctioneer or auction monitor
 a.                          Name                                                                        Oracle Power PLC
 b.                          LEI                                                                         213800KTG8HX1WBCAA49
 4.                          Details of the transaction(s): section to be repeated for (i) each type of
                             instrument; (ii) each type of transaction; (iii) each date; and (iv) each
                             place where transactions have been conducted
 a.                          Description of the Financial instrument, type of instrument Identification  Ordinary Shares of £0.001 each
                             code

                                                                                                         GB00B23JN426

 b.                          Nature of the transaction                                                   Purchase of Ordinary Shares
 c.                          Price(s) and volume(s)

Director       Price/share  Volume (s)
                                                                                                         1. M Steed     0.32 pence   43,316

                                                                                                         2. N Memon     0.32 pence   379,967

                                                                                                         3. A Migge     0.32 pence   75,993

                                                                                                         4. D Hutchins  0.32 pence   57,755
 d.                          Aggregated information

                             -       Aggregated volume                                                   557,031

                             -       Price                                                               £0.0032 per Ordinary Share
 e.                          Date of the transactions                                                    8 August 2022
 f.                          Place of the transactions                                                   London Stock Exchange's AIM Market (XLON)

d.

Aggregated information

-       Aggregated volume

-       Price

 

557,031

£0.0032 per Ordinary Share

e.

Date of the transactions

8 August 2022

f.

Place of the transactions

London Stock Exchange's AIM Market (XLON)

 

About Oracle Power PLC:

Oracle Power PLC is an international natural resource and power project
developer quoted on London's AIM market.  The Company holds two highly
prospective gold assets in two globally significant gold regions of Western
Australia.  The Northern Zone Project is located 25km east of the major gold
mining centre of Kalgoorlie, the home of the 'Super Pit' mine, the second
largest gold mine in Australia, and the Jundee East Gold Project is located
~9km east of Northern Star's Jundee Gold Mine, one of Australia's largest gold
mines.

 

The Company is also active in the power industry in Pakistan and is working to
establish a green hydrogen production facility in association with
PowerChina.  The Company's initial project is the Thar Block VI Project in
south-east Pakistan where the Company is advancing plans for a combined
lignite coal mine, a 1,320MW mine mouth power plant and a proposed coal
gasification to urea project.

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